Ethereum price at risk as Tom Lee warns of selloff

Fundstrat co-founder Tom Lee has warned that South Korea's stock market crash could trigger further selling pressure on Ethereum, as the country's benchmark KOSPI plunged more than 6% on October 13, 2026. Tom Lee warned South Korea's stock market selloff could spread into cryptocurrency markets through liquidations. South Korea's KOSPI plunged over 6% intraday, prompting emergency trading controls during Tuesday's market session. Ethereum traded near $2,530 after losing 6.16% over seven days, according to CoinGecko data. BitMine acquired 12,532 ETH, raising its reported holdings to 6,028,946 tokens, representing approximately 4.9% ownership.